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Private Flood Underwriter

Employer
Assurant
Location
Atlanta, Georgia
Salary
Not Specified
Closing date
Oct 10, 2019

View more

Category
IT , Sales
Job Type
Not Specified
Career Level
Not Specified

Job Details

Assurant has an exciting new opportunity to be a part of the fast-growing Private Flood business!

The Private Flood Underwriter will be responsible for evaluation, selection, acceptance, rejection, pricing and servicing of commercial flood policies within accepted company risk framework. Will be dedicated underwriter for key large agencies and will leverage cross functional teams (underwriting, operations, sales, and marketing) to service strategic private flood agencies.

MAJOR AREAS OF ACCOUNTABILITY

Risk Underwriting (35%)

  • Dedicated underwriter for key large agencies. Responsible for reviewing new submission, accepting or declining risk and pricing risk.
  • Assess flood risk by leveraging multiple dataset and model outputs.
  • Manage day to day communication with assigned agencies.
  • Effectively communicate underwriting decisions and appetite to internal and external stakeholders.

Portfolio Management (35%)

  • Liaison with exposure modeling, actuarial, data analytics, predictive modeling teams to continuously refine risk selection and pricing.
  • Ensure risk selected meets Assurant’s risk appetite framework.
  • Monitor portfolio composition for specific agencies and performance metric such as hit rate, submission geographic trends and loss ratios.
  • Ability to understand catastrophe model outputs and impact of model results on price development.

Agency Development (30%)

  • Collaborate with sales team to develop revenue targets for assigned agencies
  • Develop strategies with agencies to maximize revenue opportunity.
  • Develop specific action plan at agency level to meet assigned revenue goals.
  • Develop view of any product or service gaps that may hinder production and propose mitigation measures for assigned agencies.

BASIC QUALIFICATIONS

  • Bachelor’s degree in Insurance, Finance, Economics, Statistics, Risk Management, Mathematics or other related fields.
  • 4 years of experience as commercial underwriter for carrier or Managing General Agent/Managing General Underwriter.
  • CPCU, ARM, AU or ARe designations.
  • Flood Underwriting experience.
  • Proficient in Microsoft Office products (must have strong Excel knowledge).
  • Excellent oral and written communication skills.

PREFERRED QUALIFICATIONS

  • Technical expertise in commercial risk selection and pricing, especially property.
  • Working knowledge of Surplus Lines Statues.
  • Track record of building relationship with retail agencies.
  • Existing relationships with large commercial producers a plus.
  • Multi-Family Housing and/or Condominium Association underwriting experience a plus.
  • Primary Flood/Excess Flood or NFIP Flood Underwriting experience a plus.
  • ArcGIS or Catastrophe Modeling experience a plus.

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Company

At Assurant, we protect, connect and support major consumer purchases ... like homes, cars, appliances, and phones ... in partnership with industry-leading brands.

The brands people trust ... trust Assurant.

We help our clients connect and protect over 300 million consumers around the world.

We have 125 years of experience, 14,000 employees and operate in 21 countries.

Our unwavering purpose

We protect what matters most.

Our uncompromising values

Common sense, common decency, uncommon thinking and uncommon results guide the way we support our customers and work with each other. guide the way we support our customers and work with one another.

COMMON SENSE

We seek simple, straightforward solutions that keep life running smoothly for the clients and consumers we serve.

COMMON DECENCY

We act with integrity. We treat others with respect, courtesy, and kindness. We’re honest, transparent and committed to doing the right thing.

UNCOMMON THINKING

We're never satisfied with the status quo. We seek diverse perspectives and thrive on challenge. We believe there's always a way to build upon our successes.

COMMON RESULTS

We focus on actionable solutions that deliver measurable results. We approach each challenge with a sense of urgency, striving to exceed every expectation.

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